Raymond James & Associates Has $5.12 Million Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Raymond James & Associates lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 497.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,511 shares of the company’s stock after buying an additional 47,053 shares during the period. Raymond James & Associates’ holdings in Invesco S&P 500 Momentum ETF were worth $5,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC boosted its position in Invesco S&P 500 Momentum ETF by 186.0% during the first quarter. Commonwealth Equity Services LLC now owns 18,720 shares of the company’s stock valued at $1,502,000 after purchasing an additional 12,174 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Invesco S&P 500 Momentum ETF during the first quarter valued at $247,000. Private Advisor Group LLC boosted its position in Invesco S&P 500 Momentum ETF by 23.4% during the first quarter. Private Advisor Group LLC now owns 5,697 shares of the company’s stock valued at $457,000 after purchasing an additional 1,081 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the first quarter valued at $643,000. Finally, Lincoln National Corp acquired a new stake in Invesco S&P 500 Momentum ETF during the first quarter valued at $3,638,000.

Invesco S&P 500 Momentum ETF Trading Up 0.7 %

SPMO opened at $91.42 on Friday. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1 year low of $57.58 and a 1 year high of $94.69. The stock has a fifty day moving average price of $90.52 and a 200 day moving average price of $86.20.

Invesco S&P 500 Momentum ETF Profile

The Invesco S&P 500 Momentum ETF (SPMO) is an exchange-traded fund that is based on the S&P 500 Momentum (US Dollar) index. The fund tracks an index of 100 S&P 500 components with the strongest volatility-adjusted momentum. SPMO was launched on Oct 9, 2015 and is managed by Invesco.